In addition to the New Southbound Policy, one of the central initiatives of the Tsai Ing-wen administration has been the “5+2 Innovative Industry” program focusing on cutting edge industrial sectors. The goal of forging links between those two policies was assigned to the Ministry of Economic Affairs as one of the five flagship projects under…

Su Tseng-chang Takes Office as New Premier Following Premier Lai Ching-te’s resignation due to the poor showing of the ruling Democratic Progressive Party (DPP) in the November 2018 municipal elections, President Tsai tapped a senior DPP leader, Su Tseng-chang, to succeed him. The President told the media that she selected Su because he possesses three…

The New Southbound Policy, launched in 2016 to enhance Taiwan’s contacts with countries in the surrounding region, has recently taken on added significance. The deterioration in U.S.-China economic relations has placed the spotlight on Southeast Asia and India as prime areas for future growth in trade and investment. Taiwan’s efforts to enhance relations with those…

Feeling the Pinch With the global trade environment growing increasingly uncertain, Taiwan recorded exports worth US$28.6 billion in December, 3% less than in the same month a year earlier. The Ministry of Finance attributed the dip largely to sluggish demand for semiconductors used in manufacturing smartphones. New export orders received in December told a similar…

KMT Stages Comeback in Local Elections The opposition Chinese Nationalist Party or Kuomintang (KMT) won mayoral seats in three closely watched major constituencies – Kaohsiung, Taichung, and New Taipei City – in local elections held November 24. In Taipei City, incumbent independent Mayor Ko Wen-Je was reelected by a narrow 3,000-vote margin, prompting the runner-up…